SOURCE: Wolters Kluwer

Wolters Kluwer

June 25, 2015 08:30 ET

CUNA Mutual Group Selects Passport® From ELM Solutions for Integrated Legal and Governance, Risk, and Compliance (GRC)

Integrated Technology Platform Solution Will Allow CUNA Mutual Group to Operate More Efficiently and Collaborate More Effectively Across Legal, Claims, and GRC Functions

HOUSTON, TX--(Marketwired - Jun 25, 2015) - ELM Solutions, the global market leader in transformational, technology-based solutions for legal, compliance, and risk management, today announced that CUNA Mutual Group has selected Passport®, the company's patented Enterprise Legal Management technology platform, to replace and consolidate their legacy legal management, e-billing, and compliance systems. Passport enables enterprise organizations to use one platform to provide a comprehensive solution to manage legal matter, spend, and GRC processes on a single, secure, collaborative framework.

After a rigorous evaluation process, where teams across multiple departments evaluated each of the competing solutions, which were well known in the market, CUNA Mutual Group chose Passport as its single solution for legal matter and spend management, document management, and compliance management. Implementation is expected to be completed later this year.

"Streamlining our technology from multiple solutions to one allows us to be more efficient and focus on how we can serve our customers," stated Emily Gnam, Associate General counsel, CUNA Mutual Group. "The Passport platform meets our needs for integrated compliance and legal matter/spend management, and for sharing critical information between legal and compliance functions."

CUNA Mutual Group selected Passport for numerous reasons, including its unique abilities to:

  • Automate and create efficiencies around regulatory change management via integration with the regulatory content service used by CUNA Mutual Group.
  • Streamline daily matter and case management by making collaboration easy via the Passport integration with Microsoft Outlook.
  • Centralize and consolidate reporting across multiple data sources, which provides maximum visibility into legal matters, risk, compliance, and cost.
  • Meet CUNA Mutual Group changing business needs through the use of Passport® Toolkits, which allow companies to configure and extend Passport to address their precise requirements.
  • Deliver a simple, consistent UI that spans both legal and compliance functions, and supports integrated search across a range of items, including invoices, matters, documents, and regulations.

CUNA Mutual Group will use the Passport GRC Portal as the primary employee-facing interface to harmonize its integrated Legal and GRC ecosystem. For example, CUNA Mutual Group will utilize the GRC Portal to support basic legal services and contract requests.

"Managing processes across systems from multiple vendors is often cost prohibitive due to disconnected technology and workflows and siloed, inconsistent data analysis and reporting," said Heather Generes, Global Vice President, Product Management and Marketing, ELM Solutions. "Enterprise Legal Management is much bigger than just legal matter management and e-billing. Passport allows organizations like CUNA Mutual Group to take a more strategic, holistic, and proactive approach to enterprise legal, risk, and compliance management."

For more information on Passport, please visit: http://www.wkelmsolutions.com/products/passport.

About CUNA Mutual Group
CUNA Mutual Group was founded in 1935 by credit union pioneers, and their commitment to their vision continues today. CUNA Mutual Group offers insurance and protection for credit unions, employees and members; lending solutions and marketing programs; TruStage™-branded consumer insurance products; and investment and retirement services to help customers succeed. More information is available on the company's website at www.cunamutual.com.

About ELM Solutions
ELM Solutions was formed by combining the operations of Datacert and TyMetrix, the two Enterprise Legal Management industry leaders. Having pioneered the ELM market, today ELM Solutions is the global market leader, delivering total solutions to address the intricate complexities facing corporate legal departments, law firms, claims departments, and risk and compliance organizations. These solutions enable Fortune® 500 and Fortune Global 500 corporations to make better business decisions, mitigate risk more effectively, work more collaboratively, and ultimately, deliver greater value to their clients. ELM Solutions, which is a business of Wolters Kluwer within its Corporate Legal Services division, has offices throughout North America, EMEA, and Asia Pacific, clients in over 190 countries. Wolters Kluwer, a market-leading global information services company, had 2013 annual revenues of EUR 3.6 billion ($4.7 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).